Refis - Brasília may open new installment program for corporate debt

Under pressure by businesspeople and parliamentarians to open a new installment program for the payment of companies’ debts to the federal government, Palácio do Planalto, the presidential seat, has sent a positive signal to Congress and should forward the measure within the set of initiatives under study for a faster recovery of economic growth and jobs, according to senior sources. Part of the government is sympathetic to the proposal since the measure would help take businesses out of the financial crisis and still boost revenues next year. The Planalto, however, is still studying whether the political climate is favorable to such measure. The government also faces strong resistance from the Secretariat of Federal Revenue, which believes the program encourages defaults and, in the long run, deteriorates the government's tax collection capacity.

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There will be no surplus and the government knows it

Before defining how much of this year’s budget it will cut, the government will have to take a much more difficult decision. President Dilma Rousseff and her economic ministers will have to evaluate whether it is worth keeping the illusion that it’s possible to achieve the primary-surplus target of 0.5% of GDP. This is the first time in which the year begins with all private and government economists aware that the fiscal target is a mirage. The best option for the government may be showing full transparency to society on the gloomy situation of public accounts.

Brazil Feb Tax Revenue Hits BRL64.14B, Up 9.84% Vs '10

BRASILIA (Dow Jones)--Brazil's tax collection continued to rise at a strong pace in February on still-robust economic activity early in the year, the country's federal tax department reported Tuesday.

The government reported revenue rose 9.84% in real terms from February 2010, to 64.14 billion Brazilian reals ($38.63 billion).

Brazil's tax revenue hits record high for January

* Brazil posts record tax revenue in January
* Strong result due to industrial output, higher sales

Brazil March Tax Revenue BRL59.42B, Up 6.1% Vs 2009

BRASILIA (Dow Jones)--Reflecting the continuation of a local economic recovery, Brazilian federal tax revenue rose in March to a record level for the month, the federal tax department reported Tuesday.

Brazil posts record tax revenue for a February

Brazil posts record tax revenue for a February

* Economic growth boosts tax collections

* 2010 tax income expected to grow 12 percent

BRASILIA, March 18 (Reuters) - Brazil's tax revenue soared to a record for the month of February on the back of a fast-growing economy and will grow 12 percent this year, the government said on Thursday.

Tax income, adjusted for inflation, jumped to 53.5 billion reais ($29.8 billion) in February, an increase of 13.23 percent over February last year, data from Brazil's national tax authority showed.

In January, tax revenues had totaled 73.6 billion reais.